Ripplewood Ponders Bid for Delphi

Ripplewood Holdings LLC, a large New York-based buyout firm, is preparing a likely bid for Delphi Corp., the auto-parts giant that filed for bankruptcy protection last year, according to people familiar with the matter.

Ripplewood has examined the possibility of taking over the entire auto-parts maker, but a bid for just part of Delphi also is possible, these people said. The effort is being led by Thomas Stallkamp, a Ripplewood...